Current trend
The EUR/USD pair continues strengthening.
Today, data on the labour market is due to be published in the US. Continuing Jobless Claims are expected to fall to 2.215 million that could support the US Dollar.
Also today, Fed’s Bullard speech is due regarding perspectives for the American economy. Experts do not expect interest rates to be mentions in the speech, thus strong reaction on the market is unlikely.
Support and resistance
In the short-term, the pair is expected to grow to its resistance at the level of 1.0965 where it is going to reverse down.
Support levels: 1.0714.
Resistance levels: 1.0965.
Trading tips
Open short positions from the level of 1.0965 with the target at 1.0825 and stop-loss at 1.1000.
The EUR/USD pair continues strengthening.
Today, data on the labour market is due to be published in the US. Continuing Jobless Claims are expected to fall to 2.215 million that could support the US Dollar.
Also today, Fed’s Bullard speech is due regarding perspectives for the American economy. Experts do not expect interest rates to be mentions in the speech, thus strong reaction on the market is unlikely.
Support and resistance
In the short-term, the pair is expected to grow to its resistance at the level of 1.0965 where it is going to reverse down.
Support levels: 1.0714.
Resistance levels: 1.0965.
Trading tips
Open short positions from the level of 1.0965 with the target at 1.0825 and stop-loss at 1.1000.